Glen F. Marino, President
Lead Generation & Prospecting Expireds and FSBOs
President of Aspen Mortgage in Naperville, IL
Chief Strategist For FREE Help For IL Real Estate Agents
Over 700 Agents following me on Facebook
Use today’s technology to help Agents win every
Listing Presentation and sell their Listings faster
Using Results In Advance marketing, I help Agents double their business
Married to my college sweetheart for 20 years
Have 3 beautiful daughters, the last of which wants to attend the University of Alabama
Agent with McColly Real Estate in Tinley Park, IL
Just started in the real estate business
Owned his own music store previously
Using today’s technology to help Win Every
Listing Presentation and sell his Listings faster
Using today’s technology to advertise Other
Agents Listings
Using Results In Advance marketing to convert more Leads into Clients
Essentials Of Selling-Daily Success Plan
Examine Cold Calling vs. In Person Visit
Law of Reciprocity
Results In Advance Marketing
Discuss lead generation
12 prospecting tips
4 scripts that work
5 Top seller objections
10 things you should do
Selling Essentials
1. People do business with people that they Bond With and Trust
2. Find opportunities to eyeball your Leads, to shake their hand and introduce you as a person…and not as a postcard or voice message
Key To Your Success-
Have A Daily Success Plan
1. 3 “In Person” Visits per day (3E,2E+1F,1E+2PC)
2. 12-18 “Success Calls” per day
This is known as “Money Making Activity”
Do this and watch your business grow
Use your Loan Officer as an Accountability Coach
Today’s strategy will give you Both
Ask Yourself…What Is My
Competition Doing With Expireds?
1. Sending out a postcard?
2. Calling and leaving a voice message?
Ask yourself… Do I want to be another postcard or just another voice message?
Have You Ever Wondered How To Be
A Green Fish In A Goldfish Bowl?
1. Do you want a “Unique Selling Proposition”?
2. Results in Advance is your “green fish”
So Should I Cold Call My Leads or
Make In Person Visits?
1. Let’s Take A Look At Both Techniques?
Cold Calling
1. Time block 4 to 6 hours a week to prospect
2. Call 60 to 90 leads a week
3. Don’t take incoming calls when prospecting
4. Don’t sell anything over the phone
5.
50% to 60% of Expireds/ FSBOS don’t answer the phone
6.
If you call 60 prospects a week- 24 to 30 will answer
7.
24 to 30 Live conversations- goal is at least 5 appointments
8.
Only reason your calling is to get a face-to-face
9.
Agree with what they say and get an appointment
10. Any selling will be done in person
11. After prospecting session put notes into database
Personal Visit
Use Results In Advance marketing
Prepare your marketing pieces the day before your visit
Ring the doorbell with a 50/50 chance they are home (give or leave)
Set appointment after they review your marketing materials
Higher rate of conversion
Once you see both techniques, chose the one best suited for your personality
Reciprocity in social psychology refers to responding to a positive action with another positive action, rewarding kind actions
If you provide Marketing, Marketing,
Marketing materials in advance of your meetings with Sellers, you begin to build trust and bond with the Seller.
You may receive a positive action back from the Seller
Results In Advance Marketing
First, ask why the Expired’s home did not sell and they did not renew their Listing agreement?
In the eyes of the Seller it was not enough marketing of their home to bring a suitable buyer to purchase their home
Your focus is on marketing, marketing and marketing their home
In fact, any flyer, brochure or website should make NO mention of price…focus on marketing
Results In Advance Marketing
What if you prepared the following in advance:
Create a property website
Create a “flipbook presentation”
Create property business cards
Create a brochure
Create text message numbers to allow the property website to download to a cell phone
Create an ePost card that the Seller can share with family, friends and business associates
Create a HITS report
Create a Facebook Listing Page to get up to 40,000 eyeballs
And what if this took you only 20 minutes to prepare!
Results In Advance Marketing
What if your Presentation looked like this:
6 Core Skills
2. Database Management
3. Prospecting
4. Presentation
5. Handle Objections/ Solve Problems
6. Follow up
Gas
Spend $40 to $115 per month
• If you are researching your own leads your wasting time!
• Spend your time doing highly productive activities
FSBO, Expired & Lis Pendens Leads
110 FSBO Leads in One Month
33 Expired Listings in 4 days
REDX is on pace for approximately 200 leads this month
That’s 2,400 leads per year
The FSBO & Expired membership $89 / $112 (Lis Pendens)
Basically I’m trading $1,068.00 a year for over 2,000 leads
1- $200K listing sold will bring in a $6K commission
Over 50% of FSBO will list in 4 to 6 weeks
In 4 to 6 weeks your leads are ripe
Within 30 to 60 days working my program your very busy
How can you get those listings?
6 Core Skills
1. Lead Generation
2. Database Management
4. Presentation
5. Handle Objections/ Solve Problems
6. Follow up
1. Time block 4 to 6 hours a week to prospect
2. Call 60 to 90 leads a week
3. Don’t take incoming calls when prospecting
4. Don’t sell anything over the phone
5. 50% to 60% of FSBOS don’t answer the phone
6. If you call 60 prospects a week- 24 to 30 will answer
7. 24 to 30 Live conversations- goal is at least 5 appointments
8. Only reason your calling is to get a face-to-face
9. Agree with what they say and get an appointment
10. Any selling will be done in person
11. After prospecting session put notes into database
Don’t take it personally!
1 st call
No interest
2 nd call
Asking
Questions
3 rd call
Booked
Appointment
2 types of people you talk to when prospecting
(Yes, we are cooperating- script)
Hello may I please speak to the owner of the home for sale at _______________________?
(FSBO says: This is him)
I understand that you’re selling “For Sale by Owner” and I’m not trying to interfere with that,
I was just wondering are you cooperating with real estate agents?
(FSBO says: Yes, we are… bring me a buyer and I will pay you a 3% commission)
Ok, that sounds great! Do you mind telling me a little bit about your home?
(FSBO says: I have 3 bedrooms, 2 baths, an in-ground pool, hardwood floors, etc…)
That sounds really nice… Is there a time I could come by and take a look at the property?
(Book the appointment)
(No, we are not cooperating script- We’re trying to save money!)
Hello may I please speak to the owner of the home for sale at _______________________?
(FSBO says: This is him)
I understand that you’re selling “For Sale by Owner” and I’m not trying to interfere with that,
I was just wondering are you cooperating with real estate agents?
(FSBO says: No, we are selling it ourselves we don’t really need an agent)
Are you selling it yourself because you don’t like Realtors or are you just trying to save money?
(FSBO says: We have nothing against Realtors, were just trying to save money?)
I appreciate your honesty…Do you mind telling me a little bit about your home?
(FSBO says: I’ll tell you about my home but I’m not going to list with you!)
Oh, that’s OK! Perhaps if I know more about your home, I would have it top of my mind if I meet a Buyer best suited for your home.
(FSBO says: I have 3 bedrooms, 2 baths, an in-ground pool, hardwood floors, etc…)
That sounds really nice… Is there a time I could come by and take a look at the property?
(Book the appointment)
(No, we are not cooperating script- We don’t like Realtors!)
Hello may I please speak to the owner of the home for sale at _______________________?
(FSBO says: This is him)
I understand that you’re selling “For Sale by Owner” and I’m not trying to interfere with that,
I was just wondering are you cooperating with real estate agents?
(FSBO says: No, we are selling it ourselves we don’t really need an agent)
Are you selling it yourself because you don’t like Realtors or are you just trying to save money?
(FSBO says: I don’t like Realtors!)
I appreciate your honesty, but if you don’t like Realtors I bet it’s because you’ve had a bad experience?
(FSBO says: Yes, I had several bad experiences and I can do this myself)
Ok, I understand but have you ever had a bad experience eating out in a restaurant? I know I have…but that doesn’t stop me from eating out…all I do is go to a different restaurant… Do you mind telling me a little bit about your home?
That sounds really nice… Is there a time I could come by and take a look at the property?
(Book the appointment)
(What does cooperating mean? script)
Hello may I please speak to the owner of the home for sale at _______________________?
(FSBO says: This is him)
I understand that you’re selling “For Sale by Owner” and I’m not trying to interfere with that,
I was just wondering are you cooperating with real estate agents?
(FSBO says: What does cooperating mean?)
It means, if I could help you produce a contract on your home would you be willing to work with me as long as you get what you want?
(FSBO: Well I guess so, but I’m not going to list my home with you!)
That’s fine… Do you mind telling me a little bit about your home?
(FSBO says: I have 3 bedrooms, 2 baths, an in-ground pool, hardwood floors, etc…)
That sounds really nice… Is there a time I could come by and take a look at the property?
(Book the appointment)
1. What commission do you charge?
2. Bring me a buyer and I’m willing to pay you a 3% commission!
3. I’m not listing with a Realtor!
4. Do you have a buyer for my home?
5. I have a friend in the business!
44% of salespeople quit after the 1 st time they hear NO
22% of salespeople quit after the 2 nd time they hear NO
14% of salespeople quit after the 3 rd time they hear NO
12% of salespeople quit after the 4 th time they hear NO
92% of salespeople quit - 1 st and 4 th time they hear NO
60% of sales close after prospect says NO at least 4 times
8% of salespeople are left when the prospect is ready to say YES
Game 2 - 2013 Stanley Cup Game 4 - 2013 NBA Finals
Because the first shot rarely goes in !
1. Start with a FSBO & Expired package…$89 a month
2. Download leads a couple of times per week
3. Time block 4 to 6 hours of calling time per week
4. Call 15 people per hour
5. 3 to 5 minutes per phone call
6. Call 60 to 90 people a week
7. Log results into database
8. Set up a minimum of 5 appointments a week
10 Things to Do When Visiting In Person!
1. Start with a FSBO & Expired package…$89 a month
2. Download leads a couple of times per week
3. Time block 8 to 12 hours of time per week (about 2 hours a day, of which an hour is spent preparing your materials for the next day)
4. Visit 3 people per day; sell nothing at the door
5. 1 to 3 minutes if they are home; if not, leave the flower pot
6. Call 15 people a week
7. Log results into database
8. Call back and set a minimum of 5 appointments a week
10. Focus on wanting to interview for the job of marketing their home should they decide to relist their home…
Let’s Prepare For An Expired
1.0 Create your Cover Letter that states “This Is What I
Have Already Done For You”
Click HERE for full letter
Trifold and put in flower pot
Let’s Prepare For An Expired
2.0 Using the pictures from the MLS, create a Property
Website, and copy the URL into the Cover Letter
Click HERE for
Live Demo
Let’s Prepare For An Expired
3.0 If your system provides you with a Flipshow
Presentation…paste the URL into your Cover Letter
Click HERE for Live Demo
Let’s Prepare For An Expired
4.0 Create Property Business Cards using an Avery label maker template. Click HERE for the template .
Let’s Prepare For An Expired
5.0 Create or print a Brochure, roll it colored side out and place a colored rubber band on it. Click HERE for the brochure .
Put in your flower pot
Let’s Prepare For An Expired
6.0 Create an ePost card so you can forward it to the Seller. Click
HERE for the ePostcard .
Let’s Prepare For An Expired
7.0 Text “7259304” to “79564” to view the mobile version of the property website. Put it in your Cover Letter
Let’s Prepare For An Expired
8.0 Sprinkle the Property Business Cards, insert the rolled up
Brochure and trifold your Cover Letter and be prepared for…WOW!!
Let’s Prepare For An Expired
Who is the Expired going to call if they are SERIOUS about
Listing their home?
• The Agent that sent them a Postcard?
• The Agent that left them a voice message?
• Or, the Agent that left them a flower arrangement with already created Marketing, Marketing, Marketing materials for them.
• Nothing being bought or sold
• Just wanted to interview for the job of marketing your home